ARK Invest Capitalizes on Circle’s Post-IPO Surge with $243M Profit

Cathie Wood's ARK Invest continues to lock in gains from Circle's strong public market debut, executing its third major sale of CRCL shares this week. The firm offloaded 609,175 shares across three ETFs—ARKK, ARKW, and ARKF—netting approximately $146.2 million on June 20 alone.

The timing proves characteristically astute. ARK's latest divestment followed a 20.4% single-day surge in Circle's stock price, mirroring previous profit-taking moves during upward price movements. Combined with earlier sales totaling $97 million on June 16-17, ARK has now realized $243 million in profits while maintaining a substantial 3.2 million share position.

Market observers note the strategic balancing act—trimming exposure to lock in gains while retaining meaningful upside potential. ARK's early 4.5 million share acquisition during Circle's market debut continues yielding dividends, though the firm now trails other institutional holders in total position size.